Amazon 7200 Chavenelle Rd 120,800 SF 4-Star Industrial Building Dubuque, IA 52002 $18,355,302 CAD ($151.95 CAD/SF)

The Offering
CBRE, as exclusive advisor to Owner, is pleased to present the opportunity to acquire the fee-simple interest in a ±120,800 SF single tenant NNN leased industrial distribution facility. The property is 100% occupied by Amazon (NASDAQ: AMZN), a global leader in e-commerce, cloud computing (AWS), digital streaming, artificial intelligence, and logistics with 2024 annual revenues of ±$638 B, an investment grade S&P credit rating (AA), and the #2 ranking in the Fortune Global 500. Built in 2007, and heavily improved ($16 M + cap ex) by Amazon in 2021/2022, the ±120,800 SF building sits on a large 13.91-acre parcel. The building possesses state-of-the art features ideal for modern logistics operators.
Amazon originally signed a five (5) year NNN lease at the facility which commenced in August 2021. In early 2025, Amazon demonstrated their strong commitment to the site and proactively renewed the lease an additional five (5) years to August of 2031 = ±5.00 years remaining (as of 8/1/26 analysis start date).

Investment Highlights
HIGHLY SECURED LEASE W/ AMAZON | CREDIT TENANT | 2ND LARGEST COMPANY IN THE WORLD

— The property is 100% leased to Amazon (NASDAQ : AMZN), a global leader in e-commerce, cloud computing (AWS), digital streaming, artificial intelligence, and logistics with 2024 Annual Revenues of ± $638 B and an S&P Credit Rating = AA (Investment Grade Credit). Amazon is the #2 company in Fortune Global 500 (2nd Largest company in the world in terms of revenue).

“STICKY TENANT” | RECENT FIVE (5) YEAR EXTENSION | NNN LEASE | 2% ANNUAL INCREASES

— Amazon completed major capital improvements of over $16 M on the building / site in 2021/2022. Improvements included replacement of all HVAC units, new office areas, and expanding the parking lot. the property possesses state-of-the-art features which meet the current and future demands of high-flow logistics operations.

— Amazon recently demonstrated their strong commitment to the site by proactively exercising an option to extend the lease an additional five (5) years to August of 2031. There are ±5.00 years remaining (as of 8/1/26 analysis start date) creating a highly secured / long term income stream. Amazon has three (3) five (5) year options remaining.

MISSION CRITICAL MIDWEST “LAST MILE” DISTRIBUTION FACILITY = KEY AMAZON STRATEGY

— Amazon’s presence at 7200 Chavenelle Rd underscores its steadfast commitment to strengthening distribution capabilities in secondary Midwest markets.The Dubuque facility enables Amazon to accelerate last-mile delivery, reduce transportation costs, and improve service levels for rural and suburban customers..

HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDMAENTALS

— High Connectivity Location: Direct access to U.S. Route 20, 52, and 61 providing seamless access to Amazon’s last mile delivery customers in the region.

— I-80 Corridor: The property possesses proximity to the vital I 80 corridor: Iowa’s premier east-west logistics corridor, where approximately 14,000 trucks traverse daily translating to efficient, high-volume freight flow to major markets like Chicago, Minneapolis, and St. Louis in under a day.